VanEck Vectors MSCI World ex Australia Quality (Hedged) ETF QHAL
VanEck has launched a hedged version of its MSCI World ex Australian Quality exchange traded fund - the MSCI World ex Australia Quality (Hedged) ETF, or QHAL.
The fund invests in a diversified portfolio of international companies from developed markets (ex Australia) with returns hedged into Australian dollars. It tracks the MSCI World ex Australia Quality 100% Hedged to AUD Index. That index selects companies with high quality scores determined by MSCI based on three key fundamental variables: high return on equity; stable year-on-year earnings growth; and low financial leverage.